Public sector lender Indian Bank posted a 21 per cent rise in net profit at Rs 372 crore for the quarter ended June 2017, predominantly driven by robust growth in other income and a steady rise in net interest income.

Indian Bank moved higher to its lifetime high of Rs 319, up 12% on BSE in intra-day trade after reported an over three-fold jump in net profit at Rs 320 crore for the quarter ended March 2017 (Q4FY17), on back of higher operational income.

Indian Bank has posted a growth of 42.77 per cent in net profit for the quarter ended June 30, 2016, at Rs 307.36 crore as against Rs 215.27 crore net profit registered during the same quarter of previous fiscal year.

Indian Bank has surged 12% to Rs 174, also its 52-week high on the BSE in intra-day trade, after reporting 43% year on year (YoY) jump in net profit at Rs 307 crore for the quarter ended June 30, 2016 (Q1FY17).

Indian Bank has had a net profit of Rs 215 crore for the quarter ended June, up four per cent compared to Rs 207 crore for the quarter ended June 2014.Profit was impacted due to mark-to-market losses (writing down these assets on current values) in its

Indian Bank has posted a drop of 24 per cent in net profit at Rs 206 crore during the quarter ended March, as compared to a net profit of Rs 271.3 crore, posted during the corresponding quarter of previous financial year.